Thursday, December 22, 2016

San Jose is the Milken Institute's #1 pick for "Best-Performing Cities"

The San Jose metro has once again dominated a list of best-performing cities. The authors of the study mention that innovation and entrepreneurship are core to our success and that we were first in the nation when it comes to wage growth over the last five years. Note, that is wage growth. That means that in addition to having the highest wages in the US, they are also continuing to grow faster than other regions.

While it is not great to have all of our eggs in one techie basket, it is nice when that basket happens to be the hottest industry right now. San Jose accounted for 1 in 8 new tech jobs for the whole country during 2015. The average salary in the San Jose metro is $111,000. The average for the nation is $60,300.

Top 9 Cities in the Milken Study
San Jose-Sunnyvale-Santa Clara, CA
Provo, UT, and Austin, TX (tie)
San Francisco-Redwood City-South San Francisco, CA
Dallas-Plano-Irving, TX
Raleigh, NC
Nashville-Davidson-Murfreesboro-Franklin, TN
Fort Collins, CO
Orlando-Kissimmee-Sanford, FL
Seattle-Bellevue-Everett, WA

Source: SVBJ

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